Robert W. Baird Issues Positive Forecast for Corsair Gaming (NASDAQ:CRSR) Stock Price

Corsair Gaming (NASDAQ:CRSR) had its price objective boosted by research analysts at Robert W. Baird from $8.00 to $11.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 10.66% from the company’s current price.

Several other research analysts have also recently weighed in on CRSR. TD Cowen decreased their price target on shares of Corsair Gaming from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Wedbush restated an “outperform” rating and issued a $12.00 target price (up from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Barclays lowered their price target on Corsair Gaming from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group cut their price objective on Corsair Gaming from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, Macquarie lowered their target price on shares of Corsair Gaming from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Corsair Gaming has an average rating of “Moderate Buy” and an average target price of $10.14.

Corsair Gaming Stock Down 0.1 %

Shares of NASDAQ CRSR opened at $9.94 on Thursday. The business has a 50-day simple moving average of $7.95 and a two-hundred day simple moving average of $7.18. Corsair Gaming has a 52 week low of $5.59 and a 52 week high of $14.13. The company has a market cap of $1.04 billion, a P/E ratio of -11.04 and a beta of 1.68. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.28.

Corsair Gaming (NASDAQ:CRSR) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative net margin of 7.14% and a negative return on equity of 4.58%. Research analysts anticipate that Corsair Gaming will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Corsair Gaming

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of Corsair Gaming by 45.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,083 shares of the company’s stock valued at $53,000 after buying an additional 2,538 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Corsair Gaming by 22.6% during the fourth quarter. Wells Fargo & Company MN now owns 30,543 shares of the company’s stock worth $202,000 after acquiring an additional 5,626 shares in the last quarter. Landscape Capital Management L.L.C. lifted its holdings in shares of Corsair Gaming by 11.4% in the 4th quarter. Landscape Capital Management L.L.C. now owns 144,068 shares of the company’s stock worth $952,000 after acquiring an additional 14,762 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Corsair Gaming by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,069,122 shares of the company’s stock worth $7,069,000 after acquiring an additional 9,344 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Corsair Gaming by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,813,359 shares of the company’s stock valued at $38,426,000 after purchasing an additional 148,674 shares in the last quarter. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

Corsair Gaming Company Profile

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.